Finding quality jobs for young people in Latin America, especially jobs outside of the informal sector that provide fair wages and just working conditions, is a growing socioeconomic concern. The United Nations reports that Latin America and the Caribbean are experiencing the largest youth population in history with one in five people between the ages of 15-24. The unemployment rate for this age group is three times higher than for people between the ages of 30-64. For many young people, entrepreneurship has become a survival strategy, demonstrated by the fact that small businesses employ 67 percent of the workforce. However, 90 percent of these small businesses fail within the first two years.